Alaska Company expressed the total expenses $($Y$)$ component of its master budget for February with the cost formula Y $=$ $$100,000+$ $$40*$ X$.$ The budgeted average selling price per unit was $$65$ for budgeted sales volume $5,000$ units. Reported actual results for February were as follows:Units produced and soldSales revenueLess variable costsContribution marginLess fixed expensesOperating income$5,400$$$324,000$$$194,400$$$129,600$$$102,000$$$27,600$Required:Calculate the company's flexible budget operating income $($loss$)$ for February that would appear in a performance report. Show supporting calculations.Flexible budget operating income $($loss$)$